CHAMBER OF COMMERCE, CHICAGO, ILL.
COMMERCIAL LAW
PART II
PARTNERSHIP
66. In General. A party may trade and enter into contracts by himself, or he may associate with himself others. A person is not obliged by law to transact business solely by himself. He is permitted, for the purpose of having labor, capital and skill joined in one enterprise, to combine with others. Where a person joins with himself one or more persons for the purpose of transacting business as a unit, the firm composed of the two or more persons thus joined is called a partnership.